2020 BULKERS LTD (2020.OL) Fundamental Analysis & Valuation
OSL:2020 • BMG9156K1018
132.3 NOK
-3 (-2.22%)
Last: Mar 11, 2026, 03:49 PM
This 2020.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
2020 gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 17 industry peers in the Marine Transportation industry. 2020 gets an excellent profitability rating and is at the same time showing great financial health properties. 2020 has a valuation in line with the averages, but it does not seem to be growing.
1. 2020.OL Profitability Analysis
1.1 Basic Checks
- In the past year 2020 was profitable.
- 2020 had a positive operating cash flow in the past year.
- 2020 had positive earnings in each of the past 5 years.
- Each year in the past 5 years 2020 had a positive operating cash flow.
1.2 Ratios
- 2020 has a Return On Assets of 10.92%. This is in the better half of the industry: 2020 outperforms 70.59% of its industry peers.
- 2020 has a better Return On Equity (19.91%) than 64.71% of its industry peers.
- The Return On Invested Capital of 2020 (19.04%) is better than 100.00% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for 2020 is significantly above the industry average of 8.70%.
- The last Return On Invested Capital (19.04%) for 2020 is above the 3 year average (17.31%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.92% | ||
| ROE | 19.91% | ||
| ROIC | 19.04% |
ROA(3y)15.45%
ROA(5y)14.57%
ROE(3y)28.69%
ROE(5y)30.64%
ROIC(3y)17.31%
ROIC(5y)15.52%
1.3 Margins
- 2020's Profit Margin of 45.45% is amongst the best of the industry. 2020 outperforms 82.35% of its industry peers.
- In the last couple of years the Profit Margin of 2020 has grown nicely.
- The Operating Margin of 2020 (56.55%) is better than 100.00% of its industry peers.
- 2020's Operating Margin has improved in the last couple of years.
- With an excellent Gross Margin value of 77.20%, 2020 belongs to the best of the industry, outperforming 94.12% of the companies in the same industry.
- 2020's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 56.55% | ||
| PM (TTM) | 45.45% | ||
| GM | 77.2% |
OM growth 3Y1.75%
OM growth 5Y5.56%
PM growth 3Y3.27%
PM growth 5Y14.9%
GM growth 3Y0.55%
GM growth 5Y1.12%
2. 2020.OL Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 2020 is creating value.
- Compared to 1 year ago, 2020 has about the same amount of shares outstanding.
- The number of shares outstanding for 2020 has been increased compared to 5 years ago.
- Compared to 1 year ago, 2020 has an improved debt to assets ratio.
2.2 Solvency
- 2020 has an Altman-Z score of 3.53. This indicates that 2020 is financially healthy and has little risk of bankruptcy at the moment.
- With an excellent Altman-Z score value of 3.53, 2020 belongs to the best of the industry, outperforming 94.12% of the companies in the same industry.
- There is no outstanding debt for 2020. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 3.21 | ||
| Altman-Z | 3.53 |
ROIC/WACC2.21
WACC8.63%
2.3 Liquidity
- 2020 has a Current Ratio of 2.22. This indicates that 2020 is financially healthy and has no problem in meeting its short term obligations.
- The Current ratio of 2020 (2.22) is better than 82.35% of its industry peers.
- A Quick Ratio of 2.22 indicates that 2020 has no problem at all paying its short term obligations.
- The Quick ratio of 2020 (2.22) is better than 82.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.22 | ||
| Quick Ratio | 2.22 |
3. 2020.OL Growth Analysis
3.1 Past
- 2020 shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -61.38%.
- 2020 shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.87% yearly.
- 2020 shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -43.12%.
- 2020 shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.82% yearly.
EPS 1Y (TTM)-61.38%
EPS 3Y-2.92%
EPS 5Y20.87%
EPS Q2Q%160.87%
Revenue 1Y (TTM)-43.12%
Revenue growth 3Y-5.66%
Revenue growth 5Y5.82%
Sales Q2Q%48.61%
3.2 Future
- The Earnings Per Share is expected to decrease by -35.46% on average over the next years. This is quite bad
- 2020 is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -25.99% yearly.
EPS Next Y42.33%
EPS Next 2Y-16.7%
EPS Next 3Y-35.46%
EPS Next 5YN/A
Revenue Next Year-14.28%
Revenue Next 2Y-26.25%
Revenue Next 3Y-25.99%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. 2020.OL Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 10.71 indicates a reasonable valuation of 2020.
- 2020's Price/Earnings is on the same level as the industry average.
- When comparing the Price/Earnings ratio of 2020 to the average of the S&P500 Index (26.25), we can say 2020 is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 7.53, the valuation of 2020 can be described as very cheap.
- Based on the Price/Forward Earnings ratio, 2020 is valued a bit cheaper than 64.71% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.39, 2020 is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.71 | ||
| Fwd PE | 7.53 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as 2020.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of 2020 is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.18 | ||
| EV/EBITDA | 9.25 |
4.3 Compensation for Growth
- 2020's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The excellent profitability rating of 2020 may justify a higher PE ratio.
- 2020's earnings are expected to decrease with -35.46% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.25
PEG (5Y)0.51
EPS Next 2Y-16.7%
EPS Next 3Y-35.46%
5. 2020.OL Dividend Analysis
5.1 Amount
- 2020 has a Yearly Dividend Yield of 12.59%, which is a nice return.
- Compared to an average industry Dividend Yield of 6.35, 2020 pays a better dividend. On top of this 2020 pays more dividend than 88.24% of the companies listed in the same industry.
- 2020's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.59% |
5.2 History
- The dividend of 2020 is nicely growing with an annual growth rate of 39.21%!
Dividend Growth(5Y)39.21%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 96.95% of the earnings are spent on dividend by 2020. This is not a sustainable payout ratio.
- The Dividend Rate of 2020 has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP96.95%
EPS Next 2Y-16.7%
EPS Next 3Y-35.46%
2020.OL Fundamentals: All Metrics, Ratios and Statistics
OSL:2020 (3/11/2026, 3:49:14 PM)
132.3
-3 (-2.22%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)02-11 2026-02-11/bmo
Earnings (Next)N/A N/A
Inst Owners35.9%
Inst Owner ChangeN/A
Ins Owners2.73%
Ins Owner ChangeN/A
Market Cap3.03B
Revenue(TTM)64.90M
Net Income(TTM)29.50M
Analysts73.33
Price Target144.33 (9.09%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.59% |
Yearly Dividend12.08
Dividend Growth(5Y)39.21%
DP96.95%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.34%
Min EPS beat(2)0.37%
Max EPS beat(2)26.3%
EPS beat(4)3
Avg EPS beat(4)-15.57%
Min EPS beat(4)-91.09%
Max EPS beat(4)26.3%
EPS beat(8)6
Avg EPS beat(8)-1.68%
EPS beat(12)8
Avg EPS beat(12)2.03%
EPS beat(16)8
Avg EPS beat(16)-0.66%
Revenue beat(2)2
Avg Revenue beat(2)3.19%
Min Revenue beat(2)0.51%
Max Revenue beat(2)5.87%
Revenue beat(4)2
Avg Revenue beat(4)-4.58%
Min Revenue beat(4)-17.25%
Max Revenue beat(4)5.87%
Revenue beat(8)4
Avg Revenue beat(8)22.55%
Revenue beat(12)5
Avg Revenue beat(12)15.03%
Revenue beat(16)7
Avg Revenue beat(16)11.36%
PT rev (1m)-6.45%
PT rev (3m)-5.67%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)83.05%
EPS NY rev (3m)83.05%
Revenue NQ rev (1m)2.17%
Revenue NQ rev (3m)-12.96%
Revenue NY rev (1m)29.48%
Revenue NY rev (3m)29.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.71 | ||
| Fwd PE | 7.53 | ||
| P/S | 4.88 | ||
| P/FCF | 9.18 | ||
| P/OCF | 9.18 | ||
| P/B | 2.14 | ||
| P/tB | 2.14 | ||
| EV/EBITDA | 9.25 |
EPS(TTM)12.35
EY9.33%
EPS(NY)17.58
Fwd EY13.29%
FCF(TTM)14.41
FCFY10.89%
OCF(TTM)14.41
OCFY10.89%
SpS27.1
BVpS61.89
TBVpS61.89
PEG (NY)0.25
PEG (5Y)0.51
Graham Number131.14
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.92% | ||
| ROE | 19.91% | ||
| ROCE | 24.73% | ||
| ROIC | 19.04% | ||
| ROICexc | 22.37% | ||
| ROICexgc | 22.37% | ||
| OM | 56.55% | ||
| PM (TTM) | 45.45% | ||
| GM | 77.2% | ||
| FCFM | 53.16% |
ROA(3y)15.45%
ROA(5y)14.57%
ROE(3y)28.69%
ROE(5y)30.64%
ROIC(3y)17.31%
ROIC(5y)15.52%
ROICexc(3y)19.22%
ROICexc(5y)16.98%
ROICexgc(3y)19.22%
ROICexgc(5y)16.98%
ROCE(3y)22.48%
ROCE(5y)20.15%
ROICexgc growth 3Y34.01%
ROICexgc growth 5Y37.34%
ROICexc growth 3Y34.01%
ROICexc growth 5Y37.34%
OM growth 3Y1.75%
OM growth 5Y5.56%
PM growth 3Y3.27%
PM growth 5Y14.9%
GM growth 3Y0.55%
GM growth 5Y1.12%
F-Score4
Asset Turnover0.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 3.21 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 5.17 | ||
| Cash Conversion | 77.35% | ||
| Profit Quality | 116.95% | ||
| Current Ratio | 2.22 | ||
| Quick Ratio | 2.22 | ||
| Altman-Z | 3.53 |
F-Score4
WACC8.63%
ROIC/WACC2.21
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)112.16%
Profit Quality(5y)117.4%
High Growth Momentum
Growth
EPS 1Y (TTM)-61.38%
EPS 3Y-2.92%
EPS 5Y20.87%
EPS Q2Q%160.87%
EPS Next Y42.33%
EPS Next 2Y-16.7%
EPS Next 3Y-35.46%
EPS Next 5YN/A
Revenue 1Y (TTM)-43.12%
Revenue growth 3Y-5.66%
Revenue growth 5Y5.82%
Sales Q2Q%48.61%
Revenue Next Year-14.28%
Revenue Next 2Y-26.25%
Revenue Next 3Y-25.99%
Revenue Next 5YN/A
EBIT growth 1Y-56.15%
EBIT growth 3Y-4.01%
EBIT growth 5Y11.71%
EBIT Next Year-36.2%
EBIT Next 3Y-27.84%
EBIT Next 5YN/A
FCF growth 1Y-22.82%
FCF growth 3Y-6.57%
FCF growth 5YN/A
OCF growth 1Y-22.82%
OCF growth 3Y-6.57%
OCF growth 5Y9.62%
2020 BULKERS LTD / 2020.OL FAQ
Can you provide the ChartMill fundamental rating for 2020 BULKERS LTD?
ChartMill assigns a fundamental rating of 7 / 10 to 2020.OL.
What is the valuation status of 2020 BULKERS LTD (2020.OL) stock?
ChartMill assigns a valuation rating of 6 / 10 to 2020 BULKERS LTD (2020.OL). This can be considered as Fairly Valued.
Can you provide the profitability details for 2020 BULKERS LTD?
2020 BULKERS LTD (2020.OL) has a profitability rating of 9 / 10.
What are the PE and PB ratios of 2020 BULKERS LTD (2020.OL) stock?
The Price/Earnings (PE) ratio for 2020 BULKERS LTD (2020.OL) is 10.71 and the Price/Book (PB) ratio is 2.14.
What is the earnings growth outlook for 2020 BULKERS LTD?
The Earnings per Share (EPS) of 2020 BULKERS LTD (2020.OL) is expected to grow by 42.33% in the next year.